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No. Pek/Com/208/3/2016 Embassy of India Trade & Commerce Wing

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No. Pek/Com/208/3/2016 Embassy of India Trade & Commerce Wing No. Pek/Com/208/3/2016 Embassy of India Trade & Commerce Wing Beijing ***** Subject: Advisory for Indian small and medium enterprises (SMEs) doing/interested in doing business with Chinese companies This is in continuation of earlier trade advisories issued by the Embassy of India, Beijing on 21 December 2010, 7 September 2011 and 10 April 2013. 2. This updated trade advisory is being issued in the interests of Indian small and medium enterprises (SMEs) that intend to or are doing trade with Chinese entities in China. It is to enhance the commercial cooperation between India and China by drawing attention to some of the risks faced by Indian SMEs to take preventive and/or mitigating action. 3. The information contained in this advisory is based on trade-related problems that are periodically brought to the Embassy’s attention for information, facilitation and assistance. It is meant to serve as broad guidance cataloguing some major checkpoints that should be observed by Indian companies in trade transactions with Chinese companies to prevent possibility of problems or disputes. It does not substitute in any way the Company’s own actions or responsibility in this regard. 4. Typically, the trade-related problems brought to the Embassy’s attention cover the following issues. For Export of items by Chinese Companies: · Supply of sub-standard goods, inferior quality; · Supply of sand, stones, salt, bricks, mud etc. in place of chemicals, Silicon Carbide, Aluminium and Zinc ingots, shellac, plastics, polymers etc.; · Refusal to send consignments on receipt of payment; · Quantity dispute; · Stopping communications on receipt of advance payment; · Dispatch of defective machinery; · Diversion of payment into unassociated bank accounts by third fraudulent parties by hacking into email IDs; · Taking money for sample dispatch and then stopping all correspondences. For Import of Items by Chinese Companies from Indian Companies: · Refusal to make payment after taking control of consignment exported from India on some pretext; · Refusal to take delivery of the consignment when the market value of the imported item has gone down from the value fixed in agreement; · Non-release of Pre-Shipment Inspection Reports/Certificates in due time after departure of shipment from the Indian port entailing demurrage on arrival at port in China; A descriptive account of typical modus operandi of Chinese offenders is enclosed at Annexure 1. 5. Accordingly, Indian companies are advised to take due precaution while engaging in business transactions, particularly when dealing with new or unfamiliar companies. A recommended list of check-points is placed below. It is not an exhaustive list of measures or options. i. Run the credentials check of the Chinese Company, including through the Embassy or the Consulates in China which may respond with basic information; ii. In case of large transactions, consult a business service company which can provide a report on the business transparency, financial health, reputation, reliability and credential of the company; iii. Avoid transacting with any company from a B2B platform. Some B2B sites offer products at much lower rates than the market value. Those websites should be shunned; 1 iv. Exporters or importers for a particular commodity or service can also be accessed by sending trade queries to the Embassy of India and the Consulate General of India in Shanghai, Guangzhou and Hong Kong. Details can be obtained on the websites (Embassy of India, Beijing- www.indianembassy.org.cn, Consulate General of India, Shanghai- http://www.indianconsulate.org.cn, Consulate General of India, Guangzhou- http://www.cgiguangzhou.gov.in, Consulate General of India, Hong Kong- http://www.cgihk.gov.in ). v. Copies of the passport/national identity card issued by Chinese Government, of the representatives of the Chinese company with whom the Indian Company is negotiating, should be obtained by the Indian company; vi. Check the list of “Chinese Companies involved in trade disputes with Indian companies from 2013 to 2015” which is attached herewith at Annexure 2. vii. Before signing a contract, gather a copy of the business license and enquire about the Company from local Industrial and Commercial Bureau(ICB); viii. Site visits may be considered for large transactions. Take photos of the company and the factory during such visit; ix. Check whether products are produced by the company and whether the packages belong to the target company; x. It is advised to sign a contract of a small amount in the beginning and gradually increase the volume of business once credibility of the Company has been established. xi. Payment with Letter of Credit (L/C) is recommended when the contract object is of a high value; alternatively, both the parties should operate through an ‘Escrow account’ or ‘Bank guarantee’ route; xii. If payment with Letter of Credit (L/C) or ‘Bank guarantee’ route is not adopted, it is advised to appoint a professional third-party to inspect the products in order to determine whether the products comply with the agreed standard (quality and quantity) or not; xiii. Balance amount should be released only after checking the quality and quantity of the consignment received in India. Letter of Credit should be opened with the provision of honouring it on inspection of in-bound cargo at the Indian port and not on placement of Bill of Lading only. If B/L placement is the norm, presence of a Company representative from Chinese Company may be insisted upon at the time of inspection of the cargo at the Indian port, especially, if the bulk or value of the consignment is large. xiv. For export of any product from India, the Indian exporter must ensure that all the procedural formalities as per Chinese rules and regulations are carried out. If any Pre- Shipment Inspection (PSI) is required to be carried out by any Chinese Government-authorized agency and the relevant certificate needs to be submitted for clearance of the cargo at any Chinese port that must be obtained before the vessel leaves Indian port. Otherwise the ship may be stuck at the Chinese port and the Indian exporter may accumulate demurrage. xv. The Indian company should insist on having the registered documents and other agreements as signed with the Chinese company attested by the Embassy of India or the relevant Consulate. This process of attestation of documents by the Embassy/Consulate involves both the local sub-council of China Council for Promotion of International Trade (CCPIT) as well as the Chinese Ministry of Foreign Affairs and thus, weeds out fake companies in most of the cases 6. All the trade-related queries/complaints/grievances may be addressed to the Second Secretary (Trade & Commerce), Embassy of India, Beijing at [email protected] or to the Consul (Commerce) in CGI Guangzhou/CGI Shanghai/CGI Hong Kong. Names of provinces/regions under the respective jurisdiction is available on our website www.indianembassy.org.cn ******* ANNEXURE-1 Description of the modus operandi adopted by the Chinese companies 2 1) An Indian company is contacted by the Chinese company for business. After several rounds of emails and phone calls, the Chinese company invites the Indian company to visit their facility in China and meet the executives of the Chinese company and senior officials of the local Government, projecting this as an apparent exercise at confidence building. The Indian company agrees to visit China. Just before the departure of executives of Indian company, the Indian company receives a request from the Chinese company to bring cash for arrangements and gifts for the senior executives and other local officials, citing Chinese cultural values. The Indian company agrees to get cash and gifts and visits the facilities and meets the executives of the Chinese company. The Indian company is promised of excellent cooperation by the Chinese company. After the Indian company representative returns to India, the Chinese company goes silent and stops replying to the communications of the Indian company. The Indian company ends up losing cost on transportation, accommodation and the amount incurred for gifts. 2) The Indian company, wishing to import products from China, finds a Chinese exporter from B2B portals and other online sources. The Indian company contacts the Chinese company. Thereafter, the Chinese company insists that the Indian company should send a percentage of the total amount as advance. The Indian company, unaware of the credentials of the Chinese company, makes the advance payment. The Chinese company receives the payment and thereafter, breaks all the communications with the Indian company, let alone sending the consignment to the Indian company. The Indian company ends up losing the advance payment. 3) The Indian company contacts/is contacted by a Chinese company though various online sources/social media. After the deal is finalized between the two parties, the Indian company requests for a sample of products from the Chinese company. The Chinese company duly sends the samples which are found to match the desired standards. Thereafter, the Indian company places further orders with the Chinese company and transfers a percentage as advance payment. It is agreed between the two parties that the Indian company will release LC after the consignment is received at the designated Indian port. The consignment reaches the Indian port and after inspecting the bill of lading, Indian company releases the LC. Till this time, the Indian company has not seen the actual product. The Indian company gets to see the actual product after the consignment is released by Customs. After the consignment is delivered to the Indian company, it is found that the product is sub-standard or totally different from what was agreed upon in the agreement between the two companies. The Indian company complains to the Chinese company about the spurious quality of the consignment to which, the Chinese company puts the blame on the storage conditions and refuses to accept that it had sent spurious products.
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